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And while everyone is at risk, seniors can be a major target.It seems that you only need to pick up the newspaper or watch the news to hear about the latest financial scam and it’s something that has become an unwelcome part of modern life.It can be a tricky – not to mention, heartbreaking – situation.
And almost 1 in 20 elderly respondents in a large 2014 study of New York residents reported being financially exploited at some point in their later lifetime.February may be the month of hearts and flowers, but it's also prime time for financial cons, from imposter fraud to the "sweetheart scam." The reasons for the seasonal lift in these scams are simple enough.Many people, still keeping with their New Year's resolutions, are looking for love and are especially vulnerable to scammers. Two sharp blows that had left her alone in her late 50s. His cancer took him swiftly, before she had time to process what was happening. It had been over two years since the death of her husband of 20 years; four, since she had lost her mother.